The actual amount you pay is based on your circumstances and the type of plan you want to put in place.
Putting together an estate plan is not as simple as comparison shopping for a consumer product. Simply calling up several estate planning attorneys and getting a quote will not work because different attorneys may offer different services. Some may give you standard forms, while others take the time to understand your unique needs and create an estate plan that is customized to them. Here is what you need to know about the cost of estate planning services in South Florida.
What Does the term – Estate Planning mean?
Estate planning is the process of putting your wishes in writing so you can determine what happens to you and your property when you pass away or become incapacitated.
As part of your estate plan, your estate planning lawyer will create legally binding documents that will help avoid Florida’s default rules when it comes to matters such as:
- Who will inherit your property
- Who will care for your minor children if both of their parents pass away
- What type of medical care you will receive if you confront a medical crisis
- What will happen to your business and finances if you become incapacitated
- Who will make medical decisions on your behalf if you cannot make them for yourself
- Whether you will remain on life support if you have a terminal condition
What Is Part of an Estate Planning Package?
A basic estate planning package generally includes the following important documents:
- Last will and testament – Your last will and testament give instructions about who should receive your property after your passing. It can also name a guardian for your minor children and a personal representative to carry out your wishes.
- A durable power of attorney – A durable power of attorney gives someone the right to handle financial affairs on your behalf.
- Advanced directive for healthcare – This document provides instructions regarding the type of medical treatment you want to receive if you become permanently unconscious or are diagnosed with a terminal condition. It also gives a person you trust the right to make healthcare decisions on your behalf.
- HIPAA authorization – Your healthcare surrogate will need this form to obtain your private medical information.
These documents form the cornerstone for many estates. However, you may require more complex estate planning services depending on your situation. For example, you may benefit from a trust or other estate planning services if you have minor children, a business, significant assets, or complex family dynamics. In addition, our experienced South Florida estate planning attorneys can discuss how we can help during your free initial consultation.
Do Estate Planning Attorneys Charge for the First Meeting?
While many South Florida estate planning attorneys charge for the first meeting, Blade & Blade, P.A. offers a free consultation, so you are not charged anything for your first meeting. We believe that you have the right to know what types of estate planning documents you should put in place based on your particular circumstances and how they can help you fulfill your estate planning needs. During your first meeting, we will give you an estimate of the cost of our services.
How Do Estate Planning Attorneys Charge for Their Services?
Estate planning attorneys generally take one of the following approaches for charging for their services:
Some attorneys charge per hour. For example, if they charge $300 per hour and take three hours to complete your estate plan, you are charged $900.
Flat Fee Pricing
Other attorneys charge a set amount for estate planning documents, regardless of how long it took them to draft them.
Contact Blade & Blade, P.A. for Help with Your Estate Plan
At the Law Offices of Blade & Blade, we strive to provide our clients with a plan that will work best for them. Our experienced Florida estate planning attorneys help you review all your documents and make sure what is going into effect at retirement or death time can accommodate any situation an individual may find themselves in during their lifetime – even those who are still new on this journey!
We wanted to make sure that your family’s future is secure, which is why we offer Florida estate planning packages at an affordable price. With us as a partner in making smart decisions about what will happen with their assets and how they’re going to distribute them when the time comes for passing on ownership of property or wealth distribution from one generation over another has never been simpler!